President Obama has just announced a collection of initiatives and actions that are designed to encourage a 20% reduction in energy use by commercial buildings by 2020.
The initiative calls for aggressive reform of existing tax (transforming the current deduction into a credit) and other incentives for retrofits. President Obama is calling on corporate and institutional leaders to committing to making progress toward this goal. The hope is a ten-fold increase in commercial retrofit take up. Also, the Administration is launching a Building Construction Technology Extension Partnership to provide workforce training in areas such as energy auditing and building operations.